I commend Congress for passing the Outer Continental Shelf legislation, which will help to reduce our dependence on imported sources of energy by increasing access to domestic sources of oil and gas. Developing these reliable domestic resources in an environmentally sound manner will help address high energy prices, strengthen our energy security, and protect manufacturing jobs. The bill also provides the producing States of Texas, Louisiana, Mississippi, and Alabama a share in the royalty revenues from OCS leases. I appreciate the commitment by the State of Louisiana to use revenues from these leases to restore coastal wetlands.
NOTE: The statement referred to H.R. 6111.
George W. Bush, Statement on Congressional Passage of Outer Continental Shelf Legislation Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/272447